Friday, May 31, 2019

Lebanon world’s second in gold reserve per capita. Along with foreign currencies provides full coverage for the lira


Lebanon is the second country in the world in gold reserves per capita with 69.3 grams for each citizen.

Switzerland tops the world's list with 136.3 grams per capita.

The value of gold reserves at the Central Bank (BDL) stood at $11.9 billion at the end of last March. Gold together with BDL's foreign assets cover the money supply in lira and provide a strong support to the national currency,

Lebanon ranked 18th in terms of gold holdings among 96 countries, according to data...

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